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“The life of the law has not been logic; it has been experience.”

-Oliver Wendell Holmes, Jr.

Banking and Lending

McKenna Storer attorneys have expertise in a wide variety of lending issues including loan documentation, SBA loan documentation, all phases of workout, lender liability, commercial loan issues and lender representation in bankruptcy. When necessary, they are ready to litigate any issues that may arise from loan origination through loan enforcement, including collection and foreclosure.

Our attorneys work closely with our clients to understand their particular needs and challenges. They provide counseling to help develop effective cost strategies to implement each client’s objectives.




Issues to Consider When Financial Institutions Provide Banking for Cannabis Related Businesses in Illinois

Issues to Consider When Financial Institutions Provide Banking for Cannabis Related Businesses in Illinois

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Since January 1, 2020, the Illinois Cannabis Regulation & Tax Act has legalized the production, sale, transport and consumption of recreational cannabis.[1] The Illinois Cannabis Regulation and Tax Act also legalized banking for Cannabis Related Businesses (CRB’s) in Illinois, stating that financial institutions assisting CRB’s, such as banks or credit unions, are exempt from state criminal laws.[2]


Categories Banking and Lending Banking Services General Litigation Legal Updates


The Ideal Unlimited and Unconditional Guaranty For Small Business Lenders

The Ideal Unlimited and Unconditional Guaranty For Small Business Lenders

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In commercial lending, obtaining a personal guaranty or corporate guaranty falls under the routine everyday standard best practices of any lender.


Categories Banking Services Business Services


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